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Piramal Finance raises $350 mn from IFC, ADB in first DFI deal

New Delhi, Jan. 14 -- Piramal Finance has raised $350 million (Rs 3,156 crore) in debt capital from the International Finance Corporation (IFC) and the Asian Development Bank (ADB), marking its first ... Read More


Neo Wealth ropes in former UBS exec as vice-chairman

New Delhi, Jan. 12 -- Neo Wealth and Asset Management has appointed former UBS Wealth Management executive Puneet Matta as its co-founder and vice chairman, the company announced in a Linkedin post. ... Read More


Aussie firm Findi's India unit pockets funding cheque

New Delhi, Jan. 12 -- Transaction Solutions International (India) Pvt Ltd, the local arm of Australian company Findi Ltd, is raising Rs 418 crore (A$72 million or US$46.3 million) from Nova Global Opp... Read More


BetterInvest launches media-focussed credit fund

New Delhi, Jan. 12 -- BetterInvest has launched BetterInvest Media Vision Fund - 1, a category II alternative investment fund focussed on the media and entertainment industry in India. The private cr... Read More


Creation Investments marks final close of second credit fund

New Delhi, Jan. 8 -- Global impact investor Creation Investments Capital Management has marked the final close of Impact Credit Fund II, raising over $46 million (Rs 413 crore) in total commitments. ... Read More


LKP Finance acquires stake in Gyftr, to surrender NBFC licence

New Delhi, Jan. 7 -- LKP Finance Ltd has acquired a stake in Vouchagram Pvt Ltd, in a bid to transition to a payments and rewards-oriented fintech from a non-bank lender. Vouchagram operates under the... Read More


Centrum-backed Modulus Alts hires former UBS exec as CEO

New Delhi, Jan. 7 -- Private credit investor Modulus Alternatives has appointed former UBS AG executive Sandeep Agarwal as its chief executive officer. Agarwal succeeds Rakshat Kapoor, who quit Modul... Read More


HDFC AMC forays into private credit, taps IFC for maiden fund's first close

New Delhi, Jan. 5 -- HDFC Asset Management Company Ltd, which provides mutual fund and portfolio management services, has entered the private credit segment with an alternative investment fund that ha... Read More


Warburg, Kedaara, Mubadala double down on Avanse Financial

New Delhi, Jan. 5 -- Private equity firms Warburg Pincus and Kedaara Capital as well as Abu Dhabi sovereign wealth fund Mubadala have doubled down on their investment in Indian non-bank lender Avanse ... Read More